Hero managed to record Rp 70.64 billion in net profit in 2019
JAKARTA - Hero Supermarket (HERO) was able to reverse the situation by recording Rp 70.64 billion in net profit in 2019. For information, in the previous year (2018), the company lost Rp 1.25 trillion.
According to the company's financial statements published on Friday (6/3), the issuer was able to record a profit despite the fact that its revenue fell from Rp 13 trillion in 2018 to Rp12.3 trillion.
The company managed to reduce its cost of revenue from Rp 9.28 trillion in 2018 to Rp 8.72 trillion. Its total liabilities also fell from Rp 2.33 trillion to Rp 2.1 trillion. Finally, the company's equity rose from Rp 3.82 trillion to Rp 3.89 trillion. (ARM/AR)